Cryptocurrency Market Responds to Fed’s Inflation Concerns and Trade Tensions

Recent statements from the Federal Reserve, amid growing concerns about inflation, have influenced cryptocurrency market trends. The Fed’s focus on mitigating risks beyond inflation has spurred debates about potential rate cuts in the future. Meanwhile, the White House released an update on the economy, with Treasury Secretary Bessent highlighting declining inflation and Commerce Secretary Lutnick emphasizing the ongoing trade deficit as a national concern. These developments offer insights into the long-term trajectory of cryptocurrency prices.